Blakemore Walker

Chartered Surveyors and Legal Consultants in northern Spain

Market Comment

    SUMMER 2019 Even as Brexit draws nearer there is still activity in the residential market across north Spain. I am often asked the question - "Should I carry out a survey of a property because I'm told it's not the norm here?" I'm a surveyor so it could be argued I'm bound to say yes, however if you are prepared to buy a stone and timber built property without knowledge of the stuctural integrity and the future maintenence liabilty, then Good Luck !! You will probably need it.

    SPRING 2019 The spanish economy is steadily improving with lower unemployment figures and GDP at well above 2% and this is also reflected in the northern Spanish property market. At the moment the main influence in the property market is domestic activity but for many years the foreign buyer and particularly the British buyer have been prevalent.

    WINTER 2018 Many estate agents in northern Spain admit to higher levels of activity generally but there is still lack of demand in the more rurul locations. Transaction levels remain low for rural property and subsequently prices remain stagnant. One point to note is that many transactions are now proving more difficult to complete as due dilligence is throwing up problems on property registration on many rural properties - perhaps it is a sign of the times that the so called good value properties that are attracting buyers, are in fact, the properties with the most legal title issues.